Tata Steel (TATASTEEL) — concall transcript

📢 Key Event
Tata Steel reported Q2FY25 results with 12% EBITDA margin and advanced Kalinganagar and UK green steel projects.

🔄 What Changed
EBITDA margin rose 300 bps YoY to 12%, revenue reached Rs 53,905 crores, and Kalinganagar daily output hit 7,500 tons; UK green steel investment secured £500M grant.

🔮 What's Next
UK EBITDA and cash flow breakeven targeted by June 2025; Netherlands decarbonisation capex to commence after 12 months; net debt peak target of Rs 75,000-80,000 crores; India volume growth of 3.5-4 million tons next year.

💡 Investor Takeaway
Improving margins and cost discipline position Tata Steel for sustainable growth, with UK and Indian expansions driving future profitability.

Tata Steel reported consolidated revenue of Rs 53,905 crores and EBITDA margin of 12% (up 300 bps YoY) for Q2FY25, driven by strong Indian demand, record Chinese exports, and cost declines in coking coal and royalties. The company advanced Kalinganagar blast furnace ramp-up to 7,500 tons/day, targeting 15,000 tons/day by Q4, while progressing UK green steel investment with £500M government grant and £1.25B planned spend. Capex of Rs 4,800 crores was deployed in the quarter, with net debt at Rs 88,817 crores and liquidity of Rs 26,000 crores. Management expects UK EBITDA and cash flow breakeven by June 2025, Netherlands decarbonisation capex to begin after 12 months, and sustained Rs 2,000/ton cost takeout benefits beyond taxes.

📄 View Original Announcement (PDF)

📊 Stock Analysis — TATASTEEL ✨ Ask AI About This

About Tata Steel Ltd (TATASTEEL)

Metals & Mining · Steel · Listed on BSE

Market Cap: ₹2,29,197.64 Cr P/E: 20.8 ROE: 11.0% ROCE: 12.7% Div Yield: 2.18%

View full TATASTEEL stock details →

📡 Get AI alerts when TATASTEEL files next

Free • Daily 5 PM digest • Track filings, board meetings, and corporate actions

Track TATASTEEL — Free

💡 Ask AI about this filing

"When will UK EBITDA breakeven be achieved?" "What is the timeline for Netherlands decarbonisation capex?" "How will net debt target of Rs 75,000-80,000 crores be reached?"

Ask AI Free →

📊 More TATASTEEL filings

See all TATASTEEL filings →

🔥 Also filed on 30 September 2024

BAJFINANCE Bajaj Finance Ltd concall transcript M&M Mahindra & Mahindra Ltd concall transcript SBIN State Bank of India concall transcript ULTRACEMCO UltraTech Cement Ltd concall transcript TITAN Titan Company Ltd concall transcript SUNPHARMA Sun Pharmaceutical Industries Ltd concall transcript

View all today's announcements →

Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

📡 Get AI alerts when TATASTEEL files new disclosures

Track TATASTEEL filings, board meetings, and corporate actions. Free email alerts at 5 PM.

Track TATASTEEL — Free

Free account · 2 AI queries/day

About · Privacy Policy · Terms of Service · Pricing

Today's Announcements · Screener · Insights · AI Chat

Data provided by CMOTS Internet Technologies Pvt Ltd